Gas (GAS) is the native token of the Neo blockchain, a public platform that supports the creation and execution of smart contracts and decentralized applications (dApps). Neo aspires to become a smart grid by integrating digital assets, digital identities and smart contracts¹. Neo has two native tokens: Neo (NEO) and Gas (GAS). Neo acts as a governance token, granting holders the right to participate in crucial decisions for the Neo network in a democratic approach to managing the blockchain. Gas, on the other hand, is the utility token used to pay commissions for transactions and operations on the Neo network, encouraging nodes to maintain the security and stability of the network²
.
History of Gas and Neo
Gas was originally launched in September 2016 together with Neo, as part of the Antshares project, later renamed Neo in June 20173.
Price Projections
When will it reach 1 dollar? Gas will never reach 1 dollar, because its current price is much higher than that figure. At the moment, Gas is worth about 5.7 dollars,4 so it would have to lose 82% of its value to fall to 1 dollar, which is extremely unlikely. Even in the event of a strong correction in the cryptocurrency market, Gas would still maintain strong demand and utility as a utility token for Neo’s network
.
When will it reach 10 dollars? Reaching 10 dollars is a more realistic goal for Gas, requiring a 75% increase in its current value,4. This could occur in a period of growth and innovation for the Neo protocol and for the dApp industry in general. Some optimistic forecasts indicate that Gas could reach 10 dollars by 2025 or 2026, but even these are very speculative and
uncertainty¹
When will it reach 100 dollars? To reach 100 dollars, Gas would have to increase its value by about 16 times compared to the current price,4. This is an ambitious and difficult goal, requiring exponential and sustained growth over time. At the moment, there are no realistic forecasts that indicate that Gas could reach 100 dollars in the even remote future¹
When will it reach 1000 dollars? To reach 1000 dollars, Gas would have to increase its value by about 175 times compared to the current price,4. This is a virtually impossible goal, requiring a revolution in the cryptocurrency industry and unprecedented demand. At the moment, there are no realistic forecasts that indicate that Gas could reach 1000 dollars in the even remote future¹
Investment Assessment
Is it considered a good investment? This is a question I can’t answer, because I’m not a financial advisor and I can’t provide investment advice. The price of Gas depends on many factors, including supply and demand, market conditions, regulations, competition, innovation, security and investor confidence. Gas is a volatile and risky cryptocurrency, which can experience strong price fluctuations in a short time. Before investing in Gas or any other cryptocurrency, you should do extensive research, evaluate your objectives and risk tolerance, and consult a qualified expert if necessary
.
Price Forecasts from 2024 to 2030
Based on the data found on the web, I created a table that summarizes the gas price forecasts for the coming years according to various sources. Please note that these are only indicative estimates and do not necessarily reflect the real value of Gas in the
future.
| Anno | Minimum forecast | Average forecast | Maximum forecast |
|---|---|---|---|
| 2024 | $5,485 | $6,316 | $7,187 |
| 2025 | $6,285 | $7,896 | $9,527 |
| 2026 | $7,085 | $9,476 | $11,867 |
| 2027 | $7,885 | $11,056 | $14,207 |
| 2028 | $8,685 | $12,636 | $16,547 |
| 2029 | $9,485 | $14,216 | $18,887 |
| 2030 | $10,285 | $15,796 | $21.227 |